Prognosis Innovation Healthcare has been acquired by Azalea Health Innovations

Situational Overview

Prognosis is a leading EMR vendor serving acute-care facilities in rural and CAH markets. The company was experiencing growth and not specifically seeking an exit.

HGP Value Add

HGP identified Azalea Health, an ambulatory EMR vendor serving the rural market, as an excellent strategic fit. HGP made the introduction and supported Prognosis through the deal that resulted in liquidity and the potential for future equity value creation given the strong synergy potential.

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Sell-side, Pre-Transaction Growth Strategy

has been acquired by

Clockwise.MD has been acquired by DocuTAP

Situational Overview

Clockwise.MD, a patient engagement software provider of online scheduling and wait time transparency solutions for healthcare organizations, found an excellent strategic partner in DocuTAP that brings together the complementary strengths of both companies to form an industry leader in the on-demand healthcare market.

HGP Value Add

As a long-term strategic advisor for Clockwise.MD, HGP helped position the Company for success in their strategic sale.

Care Team Connect has been acquired by The Advisory Board Company

Situational Overview

Care Team Connect is a care coordination software platform serving the health system market. The Advisory Board saw the potential of the platform, which “listens” to hospital medical records and creates a step-by-step guide for patient care post-discharge.

HGP Value Add

HGP evaluated a dual-track capital raise and sale process. HGP helped investors and buyers in the process see the enormous growth potential of Care Team Connect’s platform.

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Sell-side, Pre-Transaction Growth Strategy

has been acquired by

Net Health has been acquired by Spectrum Equity

Situational Overview

Net Health is a specialty EMR vendor focused on wound care, urgent care, and PT. A former HGP client stepped in as CEO of Net Health and hired HGP to pursue a recapitalization of the company to position the company for growth and acquisitions.

HGP Value Add

HGP initiated the process with a strategic review, which included an assessment of strategic alternatives, identification of markets and capabilities to drive growth, and landscaping of acquisition targets, leading to a recap with Spectrum Equity as well as multiple follow-on acquisitions.

Situational Overview

HGP Value Add

HGP initiated a strategic review which led to a competitive capital raise process that was completed in less than 4-months with multiple competing bids, ultimately resulting the 2016 sale of DocuTAP to Warburg Pincus.

Services

PRE-TRANSACTION GROWTH STRATEGY

HGP offers a broad range of strategic planning methods that identify paths for growth and value creation. As an independent advisor, HGP can serve a company without the preconceived conclusions or concession of rights that may come from the board of directors. HGP’s growth strategy services strategically and operationally prepare for a potential sale or capital transaction in order to optimize and de-risk the achievement of shareholder objectives.